After years of booming population growth, Utah’s growth is cooling down. But despite the slowing growth, it’s likely that the local real estate market will remain strong into the future, experts said.
A recent report from the Kem C. Gardner Policy Institute at the University of Utah found that the Beehive State’s population growth slowed in 2025 to 1.3% compared to the 1.5% population growth in 2024. Utah’s population is now estimated to be 3,551,150 as of July 1.
The report found that natural change in population — in other words, the number of births minus the number of deaths — was the leading source of population growth in 2025, which hasn’t happened in Utah since 2021. For the past four years, Utah’s main driver of population growth was net in-migration, as people have been moving to Utah in droves since around the time of the COVID-19 pandemic…